A tractor costs $ 17,450 and depreciates in value by 12% per year. How much will the tractor be worth after six years?
A.$ 8,103.85
B.$ 12,564.00
C.$ 34,443.21
D.$ 92,136.00

Answer:

Step-by-step explanation:

First it is 12 divided by 100 that =0.12 then 17450*6=104,700 then that times 0.12 =12564 Witch means B

Hope this helped if so please brainliest

The tractor be worth after six years will be $8103.85.

Compound interest is when you earn interest on both the money you've saved and the interest you earn.

Here, given that,

A tractor costs $ 17,450 and depreciates in value by 12% per year.

Now, the tractor be worth after six years will be=

$(17450*(1-12/100)^6)

=$8103.85

hence, the tractor be worth after six years will be $8103.85.

To learn more on Compound interest click:

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